Stelios Blow As Cocaine Is Found On Oil Tanker

Summary


A BAD week for Greek-Cypriot entrepreneur Stelios Haji-Ioannou got worse last night as it emerged that one of his oil tankers, pulled in by US Customs near San Francisco, was carrying 100 lbs of smuggled cocaine with a Pounds 2.5 million street value, writes Robert Lea.

News of US Customs' action against the Pearlmar could not have come at a more acute time for its operator Stelmar, the Nasdaqquoted shipping line founded by Haji-Ioannou who is involved in a furious row with the board.

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Extract


Stelios Blow As Cocaine Is Found On Oil Tanker

He is attempting to engineer a merger between Stelm...

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